One in ten houses sold in Amsterdam is a former rental property, landlords complain: 'The damage is enormous'
Approximately 9.1 percent of homes sold in Amsterdam were formerly rental properties as landlords exit the market following the introduction of new rental legislation and higher taxes. Across the Netherlands, rental prices in the free sector are rising faster than inflation, with Amsterdam, Amstelveen, and Haarlem ranking as the most expensive regions for tenants.
Recent data from property platform Pararius indicates that 9.1 percent of homes sold in Amsterdam were previously rental properties. Landlords are increasingly selling off their assets, citing the introduction of the Wet betaalbare huur in 2024 and rising box 3 taxes as primary reasons for declining profitability. Experts estimate that over 76,000 rental properties have been withdrawn from the national market since the legislation was implemented, creating long-term challenges for the housing sector.
Rental costs continue to outpace inflation, with average prices per square meter in the free sector rising to 28.56 euros in Amsterdam. While Amsterdam remains the most expensive city in the Netherlands, similar trends are observed nationwide, with significant price increases noted in city districts like West and South. Although municipal data shows an increase in the total number of free-sector homes over the last decade, the current wave of sales is reducing availability, leaving renters in cities like Amsterdam and Haarlem facing a increasingly competitive and costly market.
Based on reporting by parool. Translated and condensed by LocalHeadlines.
